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Featured local agent — Lebanon, PA
Sarah Mitchell
Compass Real Estate · Lebanon, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lebanon, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$237,000median sale price
How is the Lebanon, PA housing market right now?
The median home sale price in Lebanon, PA is $237,000, up 31.7% year-over-year. Homes sell in an average of 11 days with 32 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lebanon a buyer's or seller's market?
Lebanon, PA is currently a strong seller's market, based on 1.5 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
11
Fast-moving
Active listings
32
1.5 months supply
Sale-to-list
100.1%
Above asking
What does the Lebanon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $237,000 |
| Median list price | $189,900 |
| Year-over-year price change | +31.7% |
| Average days on market | 11 days |
| Active inventory | 32 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $154/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 31 |
| Listings with a price cut | 31.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lebanon by property type?
How the Lebanon, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $250,000 | $186/sq ft | 9 | 18 days |
| Condo / Co-op | $223,000 | $197/sq ft | 1 | 117 days |
| Townhouse | $180,000 | $137/sq ft | 9 | 7 days |
Source: Redfin · Updated monthly
The Lebanon housing market is currently classified as a strong seller's market with a median sale price of $237,000. Prices have risen 31.7% compared to last year, with homes spending an average of 11 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.2x provides context for how home values compare to local earning capacity.
Homes for sale in Lebanon
There are currently 32 homes listed for sale in Lebanon, Pennsylvania. The median listing price is $190K.
Active listings
32
Homes on market
Median list price
$190K
Avg. days on market
11
Days until sale
New this week
31
Newly listed
Who lives in Lebanon?
Population
26,600
Median income
$47,439/yr
Median age
38.4 years
Owner-occupied
46.1%
College grads
14.7%
Avg commute
20 min
Source: U.S. Census Bureau ACS
What are homes worth in Lebanon?
Zillow home value
$294,098
Zillow rent index
$1,348/mo
Price-to-rent ratio
18.2x
Price-to-income
6.2x
Source: Zillow Research
What is it like to live in Lebanon?
Lebanon is a community of approximately 27K residents with a median age of 38.4 years.The median household income is $47,439, which represents a working-class community with solid middle-income opportunities. 14.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 46.1%, showing a blend of owner and renter-occupied properties. The average commute time is 20 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lebanon offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lebanon?
13 schools tracked · 9,277 students
The largest public schools serving Lebanon, PA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cedar Crest HS
Grades 9-12 · 1,648 students
Lebanon SHS
Grades 9-12 · 1,429 students
Cedar Crest MS
Grades 6-8 · 1,235 students
Lebanon MS
Grades 6-8 · 1,064 students
Northwest El Sch
Grades PK-5 · 583 students
Harding El Sch
Grades PK-5 · 572 students
South Lebanon El Sch
Grades K-5 · 564 students
Ebenezer El Sch
Grades K-5 · 526 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lebanon, PA?
Want a head-to-head view? Compare Lebanon side-by-side with any other U.S. city using our market-comparison tool.
Is Lebanon a good real estate investment market?
For investors evaluating Lebanon, the price-to-rent ratio of 18.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 31.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lebanon's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lebanon's median home price.
Frequently asked questions
What is the average home price in Lebanon?
The median home sale price in Lebanon is $237,000, up 31.7% from last year.
How long do homes stay on market in Lebanon?
Homes typically spend 11 days on market before going under contract.
What is the median income in Lebanon?
The median household income is $47,439 per year.
Is Lebanon a buyer's or seller's market?
With 1.5 months of supply, Lebanon is currently a strong seller's market.
What is the Zillow home value estimate for Lebanon?
The Zillow Home Value Index (ZHVI) for Lebanon is $294,098, representing the typical home value in the area.
What is the median condo price in Lebanon?
The median condo/co-op sale price in Lebanon, PA is $223,000, compared to $250,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lebanon?
The median single-family home price in Lebanon, PA is $250,000 (about $186 per square foot).
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